Bangladesh Co-Operative Insurance Ltd. started its journey in the year 1985. Since inception it has been working with an aim of extending quality of services of optimum standard to the insuring community of Bangladesh. It is the only insurance company in Bangladesh under the registration of Co-Operative Societies. So, as a matter of fact it is an Insurance Company with exception having entity of Co-Operative Society. Being a society it has no compulsion to be enlisted to the capital market.
The company underwrites all classes of Non-life insurance business. The Prime objective of the company is to provide maximum protection to the clients property at a minimum cost abiding by the rules introduced by the Regulatory Authority (IDRA). Because of our selective underwriting Policy, the premium income of the company is modest but projects a prospective growth with generating a steady underwriting profit every year.
Bangladesh Co-Operative Insurance Ltd. places 100% of its Re-Insurance portfolio in Shadharan Bima Corporation.
Bangladesh Co-Operative Insurance Ltd. believes in maintaining the highest level of corporate business ethics and transparency in all its dealings with the insured as well as with the Re-Insurers.
Bangladesh Co-Operative Insurance Ltd. has been rated “BBB” in 2019 which is one step upgrade from previous years. It means that Bangladesh Co-Operative Insurance Ltd has now gained a little more ability to settle its claim faster than before.
Bangladesh Co-Operative Insurance Ltd. is operating its business through 15 (Fifteen) branches in the country.